Oracle Declares Accelerated 18-Cent Dividend

By Michael Aneiro

With companies left and right announcing special dividends and moving up existing ones to get cash to investors before expected 2013 dividend tax hikes – and doing so especially when management owns lots of shares – Oracle Corp. (ORCL) Monday declared an accelerated second-, third- and fourth-quarter cash dividend totaling $0.18 per common stock share to be paid Dec. 21 to stockholders as of Dec. 14.

“This accelerated dividend is intended by the Board to be in lieu of quarterly dividends Oracle would have otherwise announced with its quarterly earnings results for the second, third and fourth quarters of fiscal year 2013, and that would have been paid in calendar year 2013,” Oracle said in a statement.

Oracle also said that it’s CEO and largest stockholder, Larry Ellison, ”did not participate in the deliberation or the vote on this matter.” We assume he will gladly participate in the dividend payout.

Oracle said the next opportunity for its board to consider and approve a dividend will be when Oracle announces its earnings results for the first quarter of fiscal year 2014, which ends on Aug. 31, 2013.

Oracle’s shares were recently up 13 cents after hours to $32.31. Based on the 6-cent-per-share quarterly dividend amount its dividend yield stands at 0.74%.

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There are 5 comments

DECEMBER 3, 2012 4:30 P.M.

Curtis wrote:

I plan on keeping my stocks for the next 100 years. Could all of my companies pay me my dividends for the next 100 years now?

DECEMBER 3, 2012 4:31 P.M.

sgtjack wrote:

Thanks Oracle.

DECEMBER 3, 2012 4:31 P.M.

Bob wrote:

Can't blame them! With the F up's in
Congress and the President playing games
and jerking off, more companies will follow.

DECEMBER 3, 2012 4:37 P.M.

Will wrote:

Larry didn't participate. That's comical. You
think Larry wants his options taxed at 39%. Please
at least give us some credit for not being
that stupid to think Larry didn't tell the
Board to just do this.

DECEMBER 3, 2012 5:49 P.M.

Huntress wrote:

That's great--smart move--but now how about INCREASING the dividend! Six cents/quarter is embarrassing for a tech bellwether